Telecom Company Says 'Edge' Plan Accounts for Mere 12% of Activations

Verizon Communications Inc. said it is experiencing a surge in wireless customer additions during the current quarter but warned that margins could be squeezed as consumers opt for subsidized plans.

Chairman and Chief Executive Lowell McAdam said retail net additions of lucrative postpaid customers have grown 40% so far during the third quarter from last year's period when the company posted 927,000 additions.